Following our recent update on Florida’s repeal of sales tax on commercial real estate leases, we’re taking a closer look at what this change means for landlords, tenants, brokers, and property managers....more
After years of reducing the sales tax rate on commercial real property lease payments, the Florida Legislature recently passed HB 7031, which eliminates sales tax on commercial real property rentals....more
Hurricane season is officially underway, and the National Oceanic and Atmospheric Administration (NOAA) is predicting an above-normal season.
Hurricane season runs from June 1 to November 30, and the agency is estimating...more
6/6/2025
/ Commercial Leases ,
Commercial Real Estate Market ,
Disaster Preparedness ,
Flood Insurance ,
Hurricane Season ,
Landlords ,
NOAA ,
Property Damage ,
Property Insurance ,
Risk Management ,
Tenants
As part of the proposed $115.6 billion state budget for fiscal year 2025-26, Governor DeSantis has outlined a plan to eliminate Florida's longstanding commercial rent sales tax. This proposal continues Florida's tax reduction...more
2/5/2025
/ Business Taxes ,
Commercial Leases ,
Commercial Property Owners ,
Governor DeSantis ,
Proposed Legislation ,
Rental Property ,
Sales Tax ,
State and Local Government ,
State Budgets ,
State Taxes ,
Tax Reform
Effective June 1, 2024, the State of Florida’s sales tax rate on commercial real property lease payments (including base rent and additional rent) will be reduced from 4.5% to 2.0% for payments received for occupancy periods...more
Effective December 1, 2023, the State of Florida’s sales tax rate on commercial real property lease payments (including base rent and additional rent) will be reduced from 5.5% to 4.5% for payments received for occupancy...more
Over the course of the last year, commercial landlords have become intimately familiar with the legal principles wielded by tenants to excuse the payment of rent. ...more
Effective July 1, 2020, witnesses’ signatures are no longer needed for residential and commercial leases. The amended Section 689.01, Florida Statutes, removed the requirement that a landlord’s signature on a lease must be...more
As the end of a commercial lease approaches, it is common for landlords and tenants alike to consider whether to renew the lease or part ways. ...more